As we go through life, priorities change, and goals evolve. Let Manulife help you find a way to save smarter. Our life and savings insurance plans offer multiple ways to save and grow your money, all while staying protected.
A savings insurance plan (as known as Life and Savings Insurance Plan) is a financial product that combines the benefits of life insurance and savings plan in one package. It provides individuals life coverage while also growing their savings. Some schemes allow policyholders to allocate a portio n o f their savings premium towards investments, which can yield potential returns over time.
A life and savings insurance plan provides financial security by offering life coverage, ensuring that your loved ones are protected in the event of your untimely demise. It helps to maintain their standard of living and meet financial obligations.
A life and savings insurance plan plays different roles in your life milestones.
A life and savings insurance plan allows you to set aside a portion of your income as the premium. Depending on the plan, it may allocate part of it towards investment, which potentially grow your savings over time.
A life and savings insurance plan with life coverage often offers tax benefits. Contributions made towards the plan may be tax deductible, providing you with potential tax savings.
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